SCHEDULES
F1SCHEDULE 2 Procedure in Relation to Directions Under Section 19
C11
Not less than fourteen days before giving a direction, the F2Authority shall serve on the credit union concerned, and on every member of its committee, a notice stating that F3it proposes to give such a direction and specifying the nature of the direction F3it proposes to give and the considerations which have led F3it to conclude that F3it should give such a direction.
C22
The F4Authority shall consider any representations with respect to the notice which may be made to F5the Authority by the credit union within such period as F5the Authority may allow, not being less than fourteen days from the date on which the credit union is served with the notice, and, if the credit union so requests, shall afford F6the credit union an opportunity of being heard by F5the Authority within that period.
3
1
On giving such a direction the F7Authority shall serve the direction on the credit union and shall serve on every member of its committee a notice of the giving of the direction.
2
3
The F7Authority shall not have power to give such a direction unless all the considerations so specified were those, or were among those, which were specified in the notice under paragraph 1 above.
4
A notice under this Schedule may be served on a member of the committee of a credit union by sending it by post to his address, or latest address, as notified to the F9Authority by him or by the credit union.
5
Failure to serve a notice under this Schedule on a committee member shall not affect the validity of a direction.
Sch. 2 omitted (2.7.2002) by virtue of S.I. 2002/1501, arts. 1(1), 2(22) (with art. 6(1))